Cost Reduction Using Transaction Management: A Complement to Lean Management
Abstract
Lean management and transaction management offer complementary perspectives on cost reduction to a business organization. Lean management focuses on preventing waste in production and is drawn from business practice. The focus of transaction management is to reduce transaction costs in the internal and external organization of the firm. The emphasis is on value creation in the long run. Transaction management is based on theories of transaction cost economics and the new institutional economics. From these theoretical perspectives, with three Nobel prize winners as originators (Coase, North & Williamson), it may contribute to the strategic management of the firm.Download Info
To our knowledge, this item is not available for download. To find whether it is available, there are three options:1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic Info
Article provided by Intersentia in its journal Review of Business and Economic Literature (ReBEL).
Volume (Year): LVI (2011)
Issue (Month): 3 (September)
Pages: 309-330
Contact details of provider:
Web page: http://www.rebel-journal.org/
Related research
Keywords: transaction cost economics; lean management; strategic decision making; globalization; outsourcing; procurement;References
No references listed on IDEASYou can help add them by filling out this form.
Citations
Lists
This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.Statistics
Access and download statisticsCorrections
When requesting a correction, please mention this item's handle: RePEc:sen:rebelj:v:lvi:y:2011:i:3:p:309-330For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Petra Van den Bempt).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.